Trafford Centre

Intu the unknown: The future of the shopping centre

Saddled with unsustainable levels of debt and lacking rental income over the past two quarters due to Covid-19 restrictions, Intu…

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Primark welcomes ‘encouraging’ trade after sales slump

Primark sales plunged by 75% to £582m in its third quarter of trading, while its year-to-date sales fell by 27%…

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Investors push for Trafford Centre sale

A Canadian investor is reportedly pushing for the sale of Intu’s Trafford Centre following Intu’s collapse, the Sunday Times has…

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Intu receives only third of rent

Intu revealed that it has received only 29% of its second quarter rent that was due from tenants on 25…

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Intu abandons £1bn equity raise plans

Intu revealed it has abandoned plans to raise between £1bn and £1.5bn in emergency cash, citing “current uncertainty” in the…

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Intu seeks £1bn of emergency funds

Intu has announced it will seek to raise equity in its efforts to fix its balance sheet. The commercial real…

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Westfield named best shopping centre in the UK

Westfield London and Westfield Stratford has been named the best shopping centres in the UK, for the second year running. …

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Intu drafts in PwC advisers

Intu properties has appointed PwC advisers to help the restructuring of its balance sheet. According to Sky News, the shopping…

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Khaadi Fashion rescued after pre-pack administration

Asian clothing retailer Khaadi Fashion has been rescued after a pre-pack administration, saving the majority of its staff’s jobs. The…

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Intu reports 7% drop in rental income amid ‘challenging’ first half

Shopping centre owner Intu has reported a 7.7% decrease in net rental income during a “challenging” first half of the…

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